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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$6.08

$19.3 M

1.40%

$0.08

0.96%

Vitals

YTD Return

-19.6%

1 yr return

-44.1%

3 Yr Avg Return

-19.0%

5 Yr Avg Return

-10.7%

Net Assets

$19.3 M

Holdings in Top 10

37.8%

52 WEEK LOW AND HIGH

$6.1
$5.14
$7.79

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 103.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$50,000

IRA

$50,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$6.08

$19.3 M

1.40%

$0.08

0.96%

HAEMX - Profile

Distributions

  • YTD Total Return -19.6%
  • 3 Yr Annualized Total Return -19.0%
  • 5 Yr Annualized Total Return -10.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Harbor Emerging Markets Equity Fund
  • Fund Family Name
    Harbor
  • Inception Date
    Nov 01, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alex Duffy

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities, including common and preferred stocks, of emerging market companies. The Fund may invest in securities denominated in, and/or receiving revenues in, foreign currencies.The Fund considers emerging market companies to be those that are located in, or economically tied to, emerging market countries or that maintain securities that principally trade on exchanges located in emerging market countries. Emerging market countries primarily include those countries that comprise the MSCI Emerging Markets (ND) Index but in limited circumstances may also include other countries with similar characteristics to those included in such Index. As of December 31, 2021, the MSCI Emerging Markets (ND) Index includes the following 25 emerging market countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. Emerging market countries may also include frontier market countries, which are emerging market countries that are early in their development. Frontier market countries primarily include those countries that comprise the MSCI Frontier Markets Index but in limited circumstances may also include other countries with similar characteristics to those included in such Index. As of December 31, 2021, the MSCI Frontier Markets Index includes the following 28 frontier market countries: Bahrain, Bangladesh, Burkina Faso, Benin, Croatia, Estonia, Guinea-Bissau, Iceland, Ivory Coast, Jordan, Kenya, Lebanon, Lithuania, Kazakhstan, Mauritius, Mali, Morocco, Niger, Nigeria, Oman, Romania, Serbia, Senegal, Slovenia, Sri Lanka, Togo, Tunisia and Vietnam.The Subadviser’s investment strategy focuses on identifying attractive long-term investment opportunities that can arise as a result of certain capital cycle, or supply-side, conditions. Capital cycle investing is based on the concept that the prospect of high returns will attract excessive capital and competition and the prospect of low returns will excessively depress new capital investments and discourage competition. The assessments of how management responds to the forces of the capital cycle through its capital allocation strategy and how it is incentivized are both critical to the investment outcome. While capital cycles are often observed at an industry level, particularly where the investment merits of an individual business are influenced by the rationality of actors within a given competitive ecosystem, they are first identified through bottom-up analysis at the company level. The Subadviser broadly characterizes investments within two opposite points of the capital cycle:High Return Phase: Investments in the top half of the capital cycle, where high rates of return within a business and/or industry are being attained, are often characterized as having intrinsic pricing power that allow them to fend off competition and excess capital that would otherwise be drawn to the prospects of high returns. These types of investments can also be characterized as having a consolidated industry market structure with high barriers to entry.Depressed Return Phase: Investments in the bottom half of the capital cycle, where rates of return have fallen to or below the cost of capital and where capital is being repelled as a result, are often characterized as contrarian, deep value investments where an improvement in the economic returns of a business are not accurately discounted by the broad market. A consolidating market structure, where supply and competition are removed, or a radical shift in management strategy, are often conditions leading to these types of investments.The Subadviser uses fundamental, bottom-up qualitative analysis to evaluate businesses and the industry within which they operate. Research meetings with company management represent a significant aspect of the analysis conducted by the Subadviser. Companies that the Subadviser finds attractive include those that:Deploy capital effectively and efficientlyHave high insider ownership and/or where company management are appropriately incentivized to focus on long-term resultsOperate in a monopolistic, oligopolistic or consolidating industryShow improving or high and sustainable returns on invested capitalGenerate attractive or improving free cash-flowGiven the contrarian and long-term nature of the capital cycle, the Subadviser’s investment strategy tends to result in a portfolio of investments that can differ significantly from the Fund’s benchmark index, including with respect to country, regional and sector exposures, with average holding periods of six years or more for individual company investments. As part of its investment process with respect to each portfolio investment, the Subadviser considers environmental, social and governance (“ESG”) factors that it believes may have a material impact on an issuer and the value of its securities. As a result, the key ESG considerations may vary depending on the industry, sector, geographic region or other factors and the core business of each issuer.The Subadviser may sell or trim a holding when it has reached its estimated target price, as determined by the Subadviser, or the Subadviser believes that there is a material shift in the capital cycle, deterioration in anticipated return on investment capital or in management’s attitude toward shareholders, or if further information or analysis results in a re-evaluation of the investment opportunity presented.
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HAEMX - Performance

Return Ranking - Trailing

Period HAEMX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.6% -49.0% 3.3% 28.14%
1 Yr -44.1% -50.4% 7.5% 99.12%
3 Yr -19.0%* -19.2% 64.6% 99.46%
5 Yr -10.7%* -13.2% 34.6% 98.31%
10 Yr N/A* -12.6% 11.7% N/A

* Annualized

Return Ranking - Calendar

Period HAEMX Return Category Return Low Category Return High Rank in Category (%)
2022 -28.5% -38.3% 24.4% 98.04%
2021 -5.0% -26.9% 140.8% 99.18%
2020 7.3% 0.2% 34.6% 19.77%
2019 -3.4% -20.7% 9.4% 7.08%
2018 5.7% -11.5% 41.1% 64.99%

Total Return Ranking - Trailing

Period HAEMX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.6% -50.8% 3.3% 27.52%
1 Yr -44.1% -50.4% 30.2% 99.13%
3 Yr -19.0%* -19.2% 64.6% 99.46%
5 Yr -10.5%* -13.2% 34.6% 98.63%
10 Yr N/A* -12.6% 11.7% N/A

* Annualized

Total Return Ranking - Calendar

Period HAEMX Return Category Return Low Category Return High Rank in Category (%)
2022 -28.5% -38.2% 24.4% 98.04%
2021 -5.0% -14.7% 140.8% 99.18%
2020 7.3% 0.2% 36.2% 19.77%
2019 -3.4% -20.6% 10.3% 8.77%
2018 5.9% -9.7% 41.1% 65.16%

NAV & Total Return History


HAEMX - Holdings

Concentration Analysis

HAEMX Category Low Category High HAEMX % Rank
Net Assets 19.3 M 717 K 102 B 88.28%
Number of Holdings 54 7 6734 87.29%
Net Assets in Top 10 7.48 M 3.7 K 19.3 B 86.47%
Weighting of Top 10 37.81% 2.8% 71.7% 37.80%

Top 10 Holdings

  1. Samsung Electronics Co Ltd 9.43%
  2. Samsung Electronics Co Ltd 9.43%
  3. Samsung Electronics Co Ltd 9.43%
  4. Samsung Electronics Co Ltd 9.43%
  5. Samsung Electronics Co Ltd 9.43%
  6. Samsung Electronics Co Ltd 9.43%
  7. Samsung Electronics Co Ltd 9.43%
  8. Samsung Electronics Co Ltd 9.43%
  9. Samsung Electronics Co Ltd 9.43%
  10. Samsung Electronics Co Ltd 9.43%

Asset Allocation

Weighting Return Low Return High HAEMX % Rank
Stocks
99.90% 0.90% 110.97% 9.99%
Cash
0.10% -23.67% 20.19% 87.18%
Preferred Stocks
0.00% 0.00% 2.67% 65.76%
Other
0.00% -1.48% 9.95% 61.53%
Convertible Bonds
0.00% 0.00% 7.40% 58.12%
Bonds
0.00% -0.03% 55.68% 63.22%

Stock Sector Breakdown

Weighting Return Low Return High HAEMX % Rank
Technology
27.19% 0.00% 47.50% 20.57%
Financial Services
26.25% 0.00% 48.86% 15.72%
Consumer Cyclical
12.42% 0.00% 48.94% 47.40%
Industrials
10.45% 0.00% 43.53% 15.25%
Basic Materials
9.16% 0.00% 30.03% 37.94%
Consumer Defense
8.42% 0.00% 28.13% 25.65%
Communication Services
4.23% 0.00% 46.62% 87.83%
Healthcare
1.87% 0.00% 93.26% 82.15%
Utilities
0.00% 0.00% 39.12% 85.70%
Real Estate
0.00% 0.00% 17.15% 94.09%
Energy
0.00% 0.00% 26.66% 93.50%

Stock Geographic Breakdown

Weighting Return Low Return High HAEMX % Rank
Non US
96.49% -4.71% 112.57% 45.53%
US
3.41% -1.60% 104.72% 16.59%

HAEMX - Expenses

Operational Fees

HAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 2.69% 69.55%
Management Fee 0.85% 0.00% 2.00% 45.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

HAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 103.00% 0.00% 190.00% 87.50%

HAEMX - Distributions

Dividend Yield Analysis

HAEMX Category Low Category High HAEMX % Rank
Dividend Yield 1.40% 0.00% 23.53% 82.69%

Dividend Distribution Analysis

HAEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

HAEMX Category Low Category High HAEMX % Rank
Net Income Ratio 1.23% -1.98% 17.62% 34.08%

Capital Gain Distribution Analysis

HAEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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HAEMX - Fund Manager Analysis

Managers

Alex Duffy


Start Date

Tenure

Tenure Rank

Jun 21, 2021

0.94

0.9%

Alex joined Marathon in 2021 as an Emerging Markets equity Portfolio Manager. He is responsible for Global Emerging Markets investments within Global and International strategies as well as in standalone Emerging Markets funds and accounts. He is a member of Marathon’s Partners Group. Alex joined Marathon from Fidelity International, where he began his career in 2004 as an equity analyst before being appointed a Portfolio Manager in 2008, initially for Latin American equities and, from 2013 for Global Emerging Markets. Alex holds an M.A. from the University of Nottingham.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.43 13.42